Bjarte Bogsnes and Beyond Budgeting

I’m interviewing Bjarte Bogsnes. Bjarte is one of the key people behind the adaptive management model called Beyond Budgeting. If there’s one person you want to learn about Beyond Budgeting from, it’s Bjarte.

Bjarte is one of the key people who have been leading Statoil’s journey from traditional corporate budgeting to a completely new management style. Along the way, he’s authored books on the things he has learned.

What’s good to know before we get started is that despite the name, Beyond Budgeting is not only about getting rid of budgeting. It is a new approach to management that emphasizes empowerment and adaptivity.

Beyond Budgeting’s 12 principles cover topics such as purpose, values, transparency, autonomy, targets and resource allocation. It is much larger than just budgets.